The Internet Computer Protocol (ICP) has become a hot topic in the trading market today, with discussions skyrocketing. The main reason is that the recent "Mission 70" proposal launched by the DFINITY Foundation has stirred up quite a buzz in the community. The core goal of this proposal is to significantly reduce the inflation rate by 70%, effectively changing the token's economic model.
From a price performance perspective, ICP has increased by over 30% in the past two days, with the current trading price oscillating around $4.21. On the technical side, the price trend has formed a typical flag consolidation pattern, which is usually a preparatory phase before a structural breakout. The buying momentum is strong, with considerable funds supporting at the bottom, and the potential for a breakout is indeed worth watching.
From a trading standpoint, entry can be considered in the range of 4.15 to 4.25, with a stop-loss set at 3.85. The first target is set at 4.80 (corresponding to about 14% upside potential), and if the breakout proceeds smoothly, the second target can be 5.50. The expected gap created by token reforms often drives a wave of catch-up rallies, and ICP's recent performance is a typical example.
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ForkMaster
· 10h ago
Sigh, I've heard this Mission 70 script quite a few times. Every time, the project team says the same thing. And the result? A 30% increase first as a courtesy. If they dump the price later, don't say I didn't warn you.
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GasFeeCryBaby
· 10h ago
Haha, it's the same old trick again. Hearing that inflation is down 70% sounds great, but in the end, it's still the same old story of getting chopped up.
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probably_nothing_anon
· 10h ago
Whoa, Mission 70 is really here? This time, you're not planning to cut another wave of people, are you...
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CryptoComedian
· 10h ago
Haha, the inflation rate is directly cut by 70%, isn't this like performing a "liposuction" on ICP's economic model? No wonder it rose 30% in two days, indicating the market is really starving.
Enter at 4.15 with a stop loss at 3.85. The rhythm of this move is good; now it's just a matter of whether the bottom funds are genuine or the last struggle before fleeing.
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quiet_lurker
· 10h ago
Mission 70 is really amazing, with inflation directly cut by 70%. Can this wave of reform pull ICP out of the abyss? I'm a bit doubtful.
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MetaMuskRat
· 10h ago
Wow, as soon as Mission 70 was released, ICP took off. This inflation reduction is really aggressive.
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YieldFarmRefugee
· 10h ago
Is it too late to buy ICP now? It feels like this wave has already run quite a bit.
The Internet Computer Protocol (ICP) has become a hot topic in the trading market today, with discussions skyrocketing. The main reason is that the recent "Mission 70" proposal launched by the DFINITY Foundation has stirred up quite a buzz in the community. The core goal of this proposal is to significantly reduce the inflation rate by 70%, effectively changing the token's economic model.
From a price performance perspective, ICP has increased by over 30% in the past two days, with the current trading price oscillating around $4.21. On the technical side, the price trend has formed a typical flag consolidation pattern, which is usually a preparatory phase before a structural breakout. The buying momentum is strong, with considerable funds supporting at the bottom, and the potential for a breakout is indeed worth watching.
From a trading standpoint, entry can be considered in the range of 4.15 to 4.25, with a stop-loss set at 3.85. The first target is set at 4.80 (corresponding to about 14% upside potential), and if the breakout proceeds smoothly, the second target can be 5.50. The expected gap created by token reforms often drives a wave of catch-up rallies, and ICP's recent performance is a typical example.